In a significant development for the mining industry, Copper 360 Limited, formerly known as Big Tree Copper Limited, has announced the discovery of a potentially large high-grade copper deposit at the historic Tweefontein Copper Mine.
Drone Survey Reveals Promising Results
A high-resolution drone survey conducted by Copper 360 has uncovered a magnetic anomaly stretching over 1.5km on the surface of the mine. The survey identified four distinct copper anomalies, sparking excitement among geologists and investors alike.
Surface Sampling Confirms High Copper Grades
Subsequent surface sampling confirmed the presence of high-grade copper, with samples yielding impressive grades ranging from 2.12% to a staggering 17.47% on the surface at the first anomaly. This confirmation further bolstered the belief in the potential of the discovery.
Drilling Unveils Encouraging Results
Drilling activities conducted by Copper 360 have provided further validation of the deposit’s potential. Mineralized borehole intersections revealed grades ranging from 5.0m @ 2.71% Cu to 14m @ 3.74% Cu at anomaly 1, indicating the presence of significant copper mineralization.
Potential for New Mine
The discovery holds the promise of a new copper mine adjacent to the historically mined Tweefontein Mine. With the Tweefontein mine having produced 138,683 tonnes of rock at a recovered grade of 25.4% between 1937 and 1950, the potential for a lucrative venture is undeniable.
Ongoing Exploration
Copper 360 is not resting on its laurels following this groundbreaking discovery. The company has outlined plans to continue drilling to explore anomalies 2, 3, and 4, which are believed to be even larger than the first anomaly drilled. This ongoing exploration is crucial in unlocking the full potential of the deposit.
Expert Commentary
Jan Nelson, CEO of Copper 360, expressed his optimism about the discovery, stating, “The Tweefontein Mine was historically renowned for its high-grade copper, and our recent findings have reaffirmed its potential. With drilling still ongoing and further anomalies yet to be explored, the possibilities are immense.”
Drilling Details
| BHID | From | To | Width | Grade |
|---|---|---|---|---|
| TF360_001 | 13.17 | 18.17 | 5.00 | 2.71 |
| TF360_002 | 18.21 | 20.21 | 2.00 | 0.67 |
| TF360_005 | 13.20 | 17.20 | 4.00 | 4.20 |
| TF360_007 | 14.40 | 18.40 | 4.00 | 2.76 |
| TF360_009 | 6.20 | 20.56 | 14.36 | 3.74 |
Competent Person Statement
Dr. Deon Tobias Vermaakt (PhD Geology) (SACNASP 400020/01), serving as the competent person to the company, has verified the drillhole results presented.
Conclusion
The discovery of a potentially massive high-grade copper deposit at Tweefontein Mine marks a significant milestone for Copper 360 and the South African mining industry as a whole. With exploration activities ongoing, the future looks promising for unlocking the full potential of this valuable resource.
This website uses cookies.
